A quick tip: What you’re seeing right now could be a classic bull trap. The prices of certain cryptocurrencies can spike by 5%, 10%, or even 15%, tempting investors to buy—only for the prices to suddenly drop.
What should you do?
If you’re buying the dip (which is a good strategy), avoid selling out of fear when the market pulls back. Instead, hold your position. Whether it’s in a day, a week, or a month, prices will likely bounce back.
Key takeaway: Don’t let fear drive your decisions; be rational in all your decisions.